The AUDNZD pair is showing a bullish breakout from a falling wedge pattern, breaking through resistance. The target is set at 1.0741.

The trading configuration was spotted on AUDNZD. The AUDNZD price has surpassed the resistance line of a Falling Wedge pattern on February 29, 2024, at midnight. A potential bullish price movement is predicted for the upcoming 7 days towards 1.0741.

The overall appearance of this pattern is of high quality. The uniformity rating is extremely high, indicating that the price alterations are periodic throughout the pattern’s formation. The trading configuration is extremely distinct, with minimal disturbance during the oscillations between support and resistance. The breakthrough resistance was remarkably potent. This is a very potent indicator of the current market psychology status.

There appear to be no economic events in the predicted period that have traditionally influenced the volatility of AUDNZD.